27 - Claudio Borio on Financial Stability, the Triffin Dilemma, and International Monetary Policy
Macro Musings with David Beckworth
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You're Taking the Wrong Approach, Ant?
During that period, from two thousand two to two thousand four was kind like the last part of the productivity boom. Productivity growth was rapid. It was in the press. And me, people were aware. They were talking of it an andeno, all else equaled. So interest me, really, i really resignated. A so to the extent that the current account played a role, whether the current account of the united states or the global configuration of current accounts, it was a side show. We saw that very muh is a monetrian and financial phenomenon. To put it simply, the strong, cragic grows strong, increasin property prices e very signals a very aggressive
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